Apple shares hit new all-time intraday, closing highs

Apple Inc. shares today rose $10.05, or 2.67%, in NASDAQ trading on well-above-average volume of 33,523,138 shares to set a new all-time closing high of $386.90.

Apple’s previous all-time closing high was $376.85 set on July 19, 2011. Apple’s all-time intraday high stands at $396.27, also set today. Apple’s 52-week low is $235.56.

Apple’s market value currently stands at $357.79 billion.

The top five U.S. publicly-traded companies, based on market value:
1. Exxon Mobil (XOM) – $410.34B
2. Apple (AAPL) – $357.79B
3. Microsoft (MSFT) – $228.19B
4. IBM (IBM) – $222.44B
4. General Electric (GE) – $199.28B

Selected companies’ current market values:
• Google (GOOG) – $191.85B
• Wal-Mart (WMT) – $187.14B
• Intel (INTC) – $121.89B
• Amazon (AMZN) – $97.44B
• Cisco (CSCO) – $87.01B
• Disney (DIS) – $74.40B
• Hewlett-Packard (HPQ) – $73.18B
• Dell (DELL) – $33.06B
• Sony (SNE) – $26.82B
• Nokia (NOK) – $17.56B
• Yahoo! (YHOO) – $19.01B
• Adobe (ADBE) – $14.40B
• Research In Motion (RIMM) – $13.88B
• Sirius XM (SIRI) – $8.60B
• Motorola Mobility (MMI) – $6.61B
• Advanced Micro Devices (AMD) – $4.54B
• RealNetworks (RNWK) – $483.33M

AAPL quote via NASDAQ here.

Related articles:
Apple shares hit new all-time intraday, closing highs – July 19, 2011
Apple shares hit new all-time intraday, closing highs – July 18, 2011
Apple shares hit new all-time intraday, closing highs – July 15, 2011

12 Comments

  1. Man… apple sure does have to claw their way to any gains. I’d love some TOTAL visibility on the market with a market depth feed. Anyone out there paying for that? lulz

    1. You’re damn right that Apple will have to fight tooth and nail to climb. I think one of the analysts decided to compress Apple’s EPS today (I couldn’t find the article again). He’s one of those making sure that Apple has to move against gale force winds. I’m not exactly sure why he did it but he did. I think he lowered it from 18 to 16X forward earnings. Ain’t that a bitch. Ah, whatever.

      Apple should be well over $400 by now. For what Apple is delivering, I still think WS is squeezing Apple. At some point, a company that delivers consistently should be given a break. I thought Apple’s readjustment in the S&P 500 was supposed to help boost Apple shares in some way. I guess I was mistaken.

      1. I am sure all the hedgefunds that are invested in apple want to squeeze them until they relent with their cash hoard. IMO, and as an investor, I am glad they are not buckling.

        Fsck it- let the market value equal the cash value per share. It’d be crazy if it got to that point, but man- with $76b in cash they are certainly on that track. it’s insane 😀

  2. When Apple’s market cap surpassed Microsoft’s last year, Ballmer felt compelled to put out a press release stating that although Apple might be worth more, Microsoft still made more money. This might be the first quarter than Apple’s profit surpasses Microsoft’s. MSFT earning come out Thursday.

    1. At some point, Apple will have to make more profit than Microsoft. Apple’s economies of scale seems to keep getting increasingly larger. You have to figure that the mobile apps market is going to just keep pouring in money for Apple. Now that the Mac App Store is eliminating the need for all those physical boxes and shipments to stores and consumers, that’s more money being saved by Apple and that’s also making Apple greener. Apple removed the optical drive from the Mac Mini, so that’s more money being saved. Apple seems to keep cutting tiny bits away to save money and increase profits.

      The point where Apple surpasses Microsoft in profits would mark an amazing journey when a hardware company could cut costs enough to compete with a company that basically just sells DVDs in boxes to consumers or just allows companies to install Windows OS from a single DVD (OEM) on millions of computers. Apple is flying and I don’t know why Wall Street doesn’t get it.

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